SHORE BANCSHARES INC (SHBI) Technical Analysis
NASDAQ:SHBI • US8251071051
Current stock price
SHBI Technical Rating and Analysis
Taking everything into account, SHBI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHBI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SHBI did better than 86% of all other stocks. We also observe that the gains produced by SHBI over the past year are nicely spread over this period.
- SHBI is part of the Banks industry. There are 380 other stocks in this industry. SHBI outperforms 88% of them.
- SHBI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHBI is performing more or less in line with the market.
- In the last month SHBI has a been trading in the 17.31 - 19.97 range, which is quite wide. It is currently trading near the high of this range.
SHBI Weekly and Daily overview Charts
SHBI Setup Rating and Analysis
Although SHBI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SHBI Support and Resistance Analysis
13.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.21 to 18.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.41 to 17.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.18 from a horizontal line in the daily time frame.
- Support @13.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.33 to 20.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHBI Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHBI is up. |
| ChartMill Relative Strength | 86.04 | POSITIVE | SHBI has a high relative strength, it outperformed 86.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.02 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SHBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.79 | OVERBOUGHT | The high Stochastics value suggests SHBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for SHBI suggests a weak or negative trend. |
SHBI Chart- and CandleStick Pattern Analysis
SHBI Technicals: Chart, Performance Metrics, Trend & Indicators
19.6
-0.16 (-0.81%)
SHORE BANCSHARES INC / SHBI TA FAQ
What is the technical rating for SHBI stock?
ChartMill assigns a technical rating of 10 / 10 to SHBI.
Can you provide the trend direction for SHORE BANCSHARES INC?
The current trend direction for SHORE BANCSHARES INC (SHBI) is Bullish.
What is the RSI signal for SHORE BANCSHARES INC (SHBI) stock?
SHORE BANCSHARES INC (SHBI) has an RSI value of 67.0202. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHORE BANCSHARES INC?
The MACD indicator for SHORE BANCSHARES INC (SHBI) has a value of 0.200904, indicating a bearish trend.
Can you provide the short term momentum for SHORE BANCSHARES INC?
The short term momentum for SHORE BANCSHARES INC (SHBI) is positive.